About SETL

The startup develops a distributed ledger technology platform that enables the rapid and final settlement of both traditional and digital securities. This solution reduces operational costs and transaction delays, allowing clients to achieve instant settlements and enhance efficiency in financial transactions.

```xml <problem> Current settlement processes for financial transactions involve multiple ledger updates across various entities, leading to delays, reconciliation errors, and increased operational costs. These ledgers, whether within a global bank or across different financial institutions, operate in silos, hindering real-time coordination and creating inefficiencies. </problem> <solution> SETL provides LedgerSwarm, a distributed ledger technology (DLT) orchestration layer that leverages the Regulated Liability Network (RLN) concept to enable real-time, coordinated settlement across multiple ledgers. LedgerSwarm ensures that all parties involved in a settlement digitally sign the settlement proposal before finalization, creating an atomic transaction across all ledgers. The platform establishes a settlement path between payer and beneficiary, managing the execution from initiation to completion while maintaining an immutable global transaction order. LedgerSwarm is designed to be ledger-agnostic, interoperable with both DLT and traditional platforms, and scalable to handle up to 1 million transactions per second (TPS). </solution> <features> - Real-time, coordinated settlement across multiple ledgers using the RLN concept - DLT orchestration layer ensuring atomic transactions and digital signatures - Ledger-agnostic design for interoperability with existing DLT and traditional systems - Scalable architecture tested at 1 million transactions per second (TPS) - Immutable global transaction order to prevent nostro balance discrepancies - Workflow engine for implementing digital asset management and multi-lateral transactions - Messaging engine with ISO 15022 and ISO 20022 message support for financial market infrastructures - Support for smart contracts written in Chaincode, Solidity, JavaScript, Java, and DAML - Tokenization of various financial assets, including bonds, equity, and CBDC </features> <target_audience> The primary target audience includes banks, custodians, central banks, and depositories seeking to streamline settlement processes, reduce operational costs, and enhance regulatory compliance. </target_audience> ```

What does SETL do?

Where is SETL located?

SETL is based in London, United Kingdom.

When was SETL founded?

SETL was founded in 2015.

How much funding has SETL raised?

SETL has raised 46880000.

Location

London, United Kingdom

Founded

2015

Funding

46880000

Employees

13 employees

Major Investors

Credit Agricole CIB

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

SETL

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

setl.io 3K+

Crunchbase

Founded 2015 – London, United Kingdom

Funding

Estimated Funding

$20M+

Major Investors

Credit Agricole CIB

Team (10+)

No team information available.

Company Description

Problem

Current settlement processes for financial transactions involve multiple ledger updates across various entities, leading to delays, reconciliation errors, and increased operational costs. These ledgers, whether within a global bank or across different financial institutions, operate in silos, hindering real-time coordination and creating inefficiencies.

Solution

SETL provides LedgerSwarm, a distributed ledger technology (DLT) orchestration layer that leverages the Regulated Liability Network (RLN) concept to enable real-time, coordinated settlement across multiple ledgers. LedgerSwarm ensures that all parties involved in a settlement digitally sign the settlement proposal before finalization, creating an atomic transaction across all ledgers. The platform establishes a settlement path between payer and beneficiary, managing the execution from initiation to completion while maintaining an immutable global transaction order. LedgerSwarm is designed to be ledger-agnostic, interoperable with both DLT and traditional platforms, and scalable to handle up to 1 million transactions per second (TPS).

Features

Real-time, coordinated settlement across multiple ledgers using the RLN concept

DLT orchestration layer ensuring atomic transactions and digital signatures

Ledger-agnostic design for interoperability with existing DLT and traditional systems

Scalable architecture tested at 1 million transactions per second (TPS)

Immutable global transaction order to prevent nostro balance discrepancies

Workflow engine for implementing digital asset management and multi-lateral transactions

Messaging engine with ISO 15022 and ISO 20022 message support for financial market infrastructures

Support for smart contracts written in Chaincode, Solidity, JavaScript, Java, and DAML

Tokenization of various financial assets, including bonds, equity, and CBDC

Target Audience

The primary target audience includes banks, custodians, central banks, and depositories seeking to streamline settlement processes, reduce operational costs, and enhance regulatory compliance.